The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-11-04
CONDITION OF THE MARKETS
Wheat Advances Slightly, but Reac-
ton Occurs During the Afternoon.
Corn. After Slight Fluctuations, Closes at
Lower Prices than Those of Wednesday,
Oats Steady and Firm-Pork Advances.
MONEY. BONDS AND STOCKS.

Less Activity in the New York Market, Ac-
companied by Free Realizing.
NEW YORK, Nov. 3.-Money call was
easy at 8 TO per cent, closing offered at 81
per cent
Prime mercantile paper, Gas per cent
Sterling exchange was dull but firm at
d s12 for sixty days and 81 s54 for demand
The total sales of stocks today were 228, 1876
shares. including the following Delaware.
Lackawanna & Western, q. $50; Erie, 3, 700;
Kansas e Texas. 1850; Lake Shore, 5000;
Louisville 6 Nashville. 5000; Missouri Pacific.
%. I'll. North western. S,36S; Northern Pacific
preferred, 1900; Oregon q Transeontinental.
ESQ. Reading. 43, 305: St. Paul. 31.210, Union
Pacific. 1850; Western Union, 1882.
The stock market to-day was much less active,
md not strong that of yesterday, and free
realizing on the limited demand left prices some
what lower for the day. It's movements closely
resembIed those of yesterday, though the weak
ness of the opening prices was not made MP
the close. The news of the day was not OF .
character TO have much effect upon values, com
prising principally the old stories or rate-cuttng
IN the Northwest, and the approval of the North
Pacific third mortgages. There was little in the
market outside of the professional operations,
the buying being chiefly to cover shorts, and
the selling realize profits. both being scatter
inc. There some attempt made TO depress
prices still further, and Missouri Pacific again
selected as the special object of attack The eff
fort, however. met with little success, and the
stock aIterward remarkably strong. A
similar drive was afterward made at Reading,
but impression was made upon it. The tone
of the market continued strong until the last
hour, and Western Union. Union Pacific and a
few speciaities we're leaders of the movement.
The oscillations in the last hour. however. car
ried the list down quicker than the advance had
been, and the advantage was generally lost. The
opening was quiet and weak at declines from last
evenings fnal figures extending 90 per cent,
and further small losses were sustained in the
early dealings. Missouri Pacific and Union Pa
sihc being weak. The market quickly
rallied. and under the lead of Missouri Pacific
carried up to from to per cent. above the
opening figures. Extreme dullness then became
the only feature of the dealings, and prices fiuc
tuated within very narrow limits, few of the
more prominent stocks monopozing the entire
interest. Heaviness appeared toward o'clock,
and later ae downward movement gathered
force and by the close of business prices were
down TO and in below those of the
opening. a large majority of the active list are
lower tonight, though the declines are general
~ for small fractions only. Manitoba lost per
cent, and Pacific Mail and Hooking Coal l.
The prevailing duiness extended to railroad
bonds also, the total sales being only S765, 900.
Closing prices are Irregular. though declines are
in majority. Chesapeake & Ohio extension
tours lost e at &c; Chesapeake Ohio 81 South
wsstern bonds. 8. at 104; International seconds.
e. at 7S: Mobile g. Ohio seconds. debentures,
II at 184; the third debentures. 8, at 13. and
Ohio Southern incomes, % at Biz; Denver 6
Sout Park 6rsts II to 745.
Government bonds were dull and steady.
State bonds were entirely neglected. Closing